XLMBTC has been a nice breakout from descending wedge, and now we are waiting for a pullback on past resistance
According to Plancton's strategy, we can set a nice order
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of...
Plan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Today’s Analysis – NZDJPY – trading in a probable broadening wedge, confirmation will be on a break of resistance.
The immediate price target however is the local support for an S/R flip confirmation.
Points to consider,
- Local trend bearish
- Down sloping resistance objective
- Local Support S/R Flip
- RSI channel
- Volume Below Average...
Bullish: I'm seeing a potential Inverted Head and Shoulders pattern with a target between 12400-12550 (depends on where it breaks if it breaks)
Bearish: There is also a descending broadening wedge which could playout with a target between 11300-11500 (depends on where it breaks if it breaks)
You should definitely wait for a breakout before taking these...
It looks like Bitcoin is forming a descending broadening wedge which is a bearish pattern.
The target points are between 11300-11475 (it depends on "if" and where it breaks).
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Today’s Analysis – Curaleaf Holdings, Inc. – as swing trade into technical target as US voting season approaches.
- Macro broadening wedge
- Dynamic Resistance broken
- 200 MA support
- RSI bearish divergence
- Volume influx
- Back test long
CURLF has broken bullish from its macro descending wedge, initiating the pattern with a clear...
I see a broadening wedge on the log weekly time frame with this weeks candle holding the upper trend line as support. If we can continue to hold that line as support there could be a chance from upside action before the month ends.
Chart pretty much says it all, we decreased volume near HTF (High time frame) resistance meaning buyer exhaustion in this case. We formed both
a MTF (medium time frame) ascending triangle and a class c (weak but still there) regular bearish divergence. If anything you should at least hedge your crypto exposure (full: 100%) but in my case I went net short with a...
BEAM has a hard fork around 28.6.2020 so I have set an alarm you can see indicated in purple in case of any bullish action. A break out of this descending broadening pattern and horizontal resistance would be a reason for me to raise an order.
But I remain neutral until I see signs of a pump.
Welcome to my daily market update (27/05/20):
• Today I decided to again check out what is going on with the bigger TFs as the smaller ones are boring atm, I did show this chart though:
to some people who came to me in private (And we already half way finished through at daily e21, but might losing momentum to get to fill...
BTC /USD is in a descending broadening wedge on the weekly and on the last count of the move.
This formation breaks out to the upside in about 80% of cases.
Wait for a weekly close above the formation if you want to play it safe or you might end up buying the top in case this setup is one of the 20% that fail.
If you do enter now remember to keep a proper stop...
Ok I lied one more chart for tonight. Those descending broadening wedges are no joke but there is a bearish hidden divergence indicating a continuation after a little pullback. Not long before the candle closes to confirm the flag but you can see the overall bullish attitude clearly. Probably a good dip buying opportunity next couple days.
If you like my T.A....
Looking at the bigger picture, Bitcoin is very close o confirming one huge achievement: exiting the enormous descending triangle it had entered 2017. I think if the breakout gets confirmed on the weekly timeframe, the other two patterns I have on the chart might have a chance to play out:
1) V-shape bottom, with a target close to 16k